"Been here before (in business for 30 years), but this time is worse""Stamp Duty Holiday won't help""Only answer is lower prices (and more lending)""Bubble was ridiculous""Lending was ridiculous""We were warning about this and the only way out is to let the bubble burst..."

"Worse than last time"

Comments on the programme included one asking if we could swap Gordon Brown's as the new one sounded much better!

As for today, Go FP! But play nice with someone who at least appears an ally...

"‘Historically, societies that seek high levels of instant gratification and are willing to borrow against future incomes to achieve it have more often than not suffered inflation and stagnation. The economies of such societies tend to run larger government deficits financed with fiat money from a printing press.

Eventually, the ensuing inflation leads to a recession or worse, often because central banks are forced to clamp down...I regret that the US may not be wholly immune to it."

Alan Greenspan in "The Age of Turbulence: Adventures in a New World", 2007.

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it"

'The property market's twilight period is coming to an end. The past few months have been like the first two hours on the deck of the RMS Titanic after it struck the iceberg. To start with, no one could believe it was sinking. The ship was still well above water and even as the first lifeboats were lowered into the sea, many passengers were reluctant to leave.' Edmund Conway, Telegraph 03/05/2008

The knimbies who say "No" demand..... a sacrifice!
Arthur: Knimbies of No, we are but simple hardworking families who seek affordable housing on the scrubland beyond these woods.
Knimbies of No: No! No! No! No! No! No! No! No! No!
Bedevere: Please stop opposing our reasonable demands!
Knimby of No: We shall say "No" to you... if you do not appease us.
Arthur: Well what is it you want?
Knimby of No: We will allow you to build your precious high density shoeboxes, so long as you do not move so much as....

FP, good effort. The EA to be fair, was a honest chap for a change. I really think the sentiment has finally gone. god forbid the price falls we will see.. as FP pointed out, this is going to be GC2 for a number of reasons... more like 2XGC.....

I think people are starting to FINALLY listen. The ea pointing out our economy is based off the housing market was an eyeopener. I am seriously gearing up towards planning purchase in the next 15 months. As FP said though, no rush... My "in" point is when Mortgage rates start to head down... Planning 10 year Fix rate mortgage with option to pay off excess each month... Plan is to have mortgage paid off by 40.